Summary:
Today we have Rob Kirby on the podcast, who talks about how one of the largest and most underreported issues is the volume of trade we’re experiencing in terms of dollar return in the crypto-verse. It seems that cryptos are eating off the dollar’s plate, which means that the crypto portion in international trade is rising…while the relevance of the dollar declines. Tune in to learn about the power of crypto and some of the key distinctions between Bitcoin and Ethereum that put banks and the law profession in an interesting position.

Highlights:
-The economic house of cards is crumbling all over
-The biggest and most underreported issue is the volume of trade we’re experiencing in terms of dollar return in the crypto-verse
-On a daily basis, the crypto-verse is turning over a minimum of $100 billion equivalent on average
-We're looking at $50 trillion dollar equivalent turnover in a year
-Cryptos are eating off the dollar’s plate, which means that cryptos are categorically being used in trade settlement right now
-Countries like Iran and Venezuela had to have it to where they could continue to trade without having to settle in dollars
-The crypto portion in international trade settlement is only going to increase from here, which means dollar relevance will decline
-Hyper-inflation and massive reduction in purchasing power of the dollar stock
-The whole nature of trade settlement is changing—less and less dollars are being used to settle international accounts. Thus, they get caught up in a Repo facility
-The inflation rate in our country is at 14%
-Ethereum is rising, and will perhaps eventually eclipse Bitcoin
-Bitcoin is the killer of banks; it’s a store of value
-Ethereum is the killer of the law practice
-Bitcoin is a challenge to bankers while Ethereum is a challenge to the law profession
-There is a place in the world for smart contracts as well as the traditional store of value—they can coexist


Useful Links:
Financial Survival Network
Kirby Analytics

Direct download: Rob_Kirby_16.Sep.21.mp3
Category:general -- posted at: 8:01am EDT



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